Gjensidige

Gjensidige's reported carbon emissions

Gjensidige, headquartered in Norway, has set ambitious climate goals, aiming for net zero emissions in its investment portfolios by 2050. This commitment is aligned with Science Based Targets initiative (SBTi) guidelines. In terms of operational emissions, for the year 2024, Gjensidige reported a total of approximately 501.4 million kg CO2e. This figure is comprised of roughly 434,000 kg CO2e for Scope 1 emissions and about 438,000 kg CO2e for Scope 2 (market-based) emissions. The majority of their emissions stem from Scope 3, totalling approximately 500.5 million kg CO2e in 2024. Key contributors to their Scope 3 emissions include purchased goods and services, investments, and franchises. Looking at previous years, Gjensidige reported total emissions of approximately 528.7 million kg CO2e in 2023, with Scope 1 emissions at about 319,000 kg CO2e and Scope 2 (market-based) at approximately 340,000 kg CO2e. Scope 3 emissions in 2023 were around 528 million kg CO2e, with investments being a significant category. In 2022, total emissions were approximately 495.8 million kg CO2e, with Scope 1 and 2 combined at around 742,000 kg CO2e and Scope 3 at approximately 495.1 million kg CO2e. Emissions for 2021 were around 249.1 million kg CO2e, and for 2020, approximately 36.2 million kg CO2e. In 2019, total emissions were around 67.8 million kg CO2e, with Scope 3 emissions being the largest component at approximately 62.7 million kg CO2e. Gjensidige's climate strategy includes a commitment to net zero across all scopes by 2050. They have also established near-term targets, aiming for a 1.5°C pathway by 2030. Their investment portfolio targets cover a significant portion of their financed emissions, with specific targets for different categories of investment and lending.